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Chinese online retailer is reportedly in talks with bankers for US IPO in May next year.

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Chinese ecommerce company reports second quarter revenue that topped market expectations and a net profit, following a loss in the same period last year. Investments beginning to pay off The company reported net revenue of CYN150bn (US$21.9bn), a 22.9% year-on-year rise, for the April to June quarter, exceeding the market consensus of CYN147.5bn. Net income attributable to ordinary s...
The Chinese ecommerce retailer has become the largest shareholder of the online firm Tiki Vietnam. Continuously making investment in Tiki made an investment of  US$44m in in 2017  and has been continuously investing into the firm since. now owns 25.65% of Tiki’s shares, overtaking VNG (a Vietnamese technology company), and has become the largest shareholder of ...
The Chinese ecommerce giant has agreed to buy a 9% stake in Beijing Digital Telecom. Gaining access to 3,000 stores Beijing Digital Telecom, listed in Hong Kong, is the largest offline electronics retailer in China. It sells phones, computers and other consumer electronics. The acquisition would cost US$27m and would be paid in cash. It would give access to Beijing Digital ... and Alibaba reported record breaking results for the 18-day campaign, with sales value up by +26%YoY. The festival has evolved to be a major midyear ecommerce event 6.18 shopping festival, created by, now joined by Alibaba, has become a midyear event that can match the scale of the 11.11 global shopping festival. The total sales transaction reached a new high this year of U...

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